Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘DeLong’

The Destruction of the Republican Party

Posted by hkarner - 8. Mai 2018

J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

There can no longer be any doubt that America has an unhinged, unqualified kleptocrat presiding in the White House. Nor can there be any question that the Republicans who put him there may be sealing their party’s fate as the manifestation of Trumpism, rather than traditional conservatism.

BERKELEY – It has been one and a half years since Donald Trump was elected to the US presidency, so now is as good a time as any for Americans to take a deep breath and contemplate their broken political system.

To be sure, the United States has not experienced any major catastrophes, even though massive policy mistakes always seem to be looming on the horizon. But the country has been suffering a death by a thousand cuts, leaving it weaker and poorer the longer Trump is in office. Den Rest des Beitrags lesen »

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Donald Trump Is Playing to Lose

Posted by hkarner - 7. Februar 2018

J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

After a year in office, US President Donald Trump’s approach to policymaking has been nothing if not bizarre. Whereas past presidents have sought the middle ground in an effort to develop effective policies and win re-election, Trump seems dead set on antagonizing the majority of Americans who did not vote for him.

BERKELY – America certainly has a different kind of president than what it is used to. What distinguishes Donald Trump from his predecessors is not just his temperament and generalized ignorance, but also his approach to policymaking.

First, consider Bill Clinton, who in 1992 was, like Trump, elected without a majority of voters. Once in office, Clinton appealed to the left with fiscal-stimulus and health-care bills (both unsuccessful), but also tacked center with a pro-growth deficit-reduction bill. He appealed to the center right by concluding the North American Free Trade Agreement (NAFTA), which had been conceived under his Republican predecessors; and by signing a major crime bill. And he reappointed the conservative stalwart Alan Greenspan to chair the US Federal Reserve. Den Rest des Beitrags lesen »

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America’s Broken System

Posted by hkarner - 8. Dezember 2017

J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

The tax-reform bill that US Republicans are attempting to implement is economically indefensible and blatantly unfair. But the US has a much deeper problem: the Anglo-Saxon model of representative government is in serious trouble, and nobody seems to know how to fix it.

BERKELEY – The tax bill that US Republicans have doggedly pushed through Congress is not as big a deal as many are portraying it to be. It is medium-size news. The big news – the much more weighty and ominous news – lies elsewhere.

Of course, medium-size is not nothing. If the tax bill does clear its final hurdle – a conference committee must reconcile the Senate-approved bill with that of the House of Representatives – and become law, it will complicate the tax system considerably, as it opens many loopholes. It won’t have any impact on economic growth – positive or negative – but it would have an impact on the government’s finances, causing revenues to decline by the equivalent of about 1% of national income. Den Rest des Beitrags lesen »

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The New Socialism of Fools

Posted by hkarner - 8. August 2017

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Public Spheres for the Trump Age

Posted by hkarner - 5. Juli 2017

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Where US Manufacturing Jobs Really Went

Posted by hkarner - 4. Mai 2017

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Artificial Intelligence and Artificial Problems

Posted by hkarner - 4. April 2017

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Rethinking Productivity Growth

Posted by hkarner - 4. März 2017

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Trading in Trump’s Lies

Posted by hkarner - 3. Februar 2017

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The Age of Incompetence

Posted by hkarner - 29. Dezember 2016

 

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